Credit Suisse has announced that Pedro Jorge Villarreal will become the Chief Executive Officer of Mexico, effective immediately. Mr. Villarreal, a 15-year veteran of Credit Suisse, will be taking over the country CEO role from Hector Grisi who is leaving the bank. Mr. Villarreal will continue to hold his current role as the co-head of the Investment Banking Department for Latin America, excluding Brazil. Previously, he led the Investment Banking Department in Mexico for five years.
This appointment marks a natural progression for Mr. Villarreal and for Credit Suisse in Mexico, where the bank has grown significantly over the past half-century into a fully integrated Investment Bank, Private Bank and Asset Management business.
Robert Shafir, CEO of Credit Suisse Americas Region, said: "I am thrilled that Pedro Jorge Villarreal, an established and recognized leader in our Latin America franchise, will be taking on this leadership role as country CEO for Mexico. Mexico's growing economy brings with it a need for increased financial intermediation, wealth creation and deeper capital markets - and Credit Suisse is uniquely positioned to meet these needs. I expect our success in Mexico to continue under the leadership of Mr. Villarreal. I would also like to thank Mr. Grisi for his considerable contributions during his many years at the bank."